NZDUSD - Downward trend will continue, Short trade by market price recommended

September 10, 2019 6:32:46 AM by Alexander Zorevyk
Forecast Details
PairNZDUSD
Direction Sell
StatusClosed (0.6415)
6:31
6:31
Sep. 10, 2019

-50 p
0.6480
Stop Loss
0.6430
Entry
+60 p
0.6370
Target 1
Chart & Analyst Comments
NZDUSD - Downward trend will continue, Short trade by market price recommended
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell NZDUSD.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.